Statutes, codes, and regulations
Indiana Code
Title 24 - TRADE REGULATIONArticle 4.5 - UNIFORM CONSUMER CREDIT CODEChapter 2 - CREDIT SALES
Part 4 - LIMITATIONS ON AGREEMENTS AND PRACTICES
Section 24-4.5-2-415 - Authorization to confess judgment prohibited

Ind. Code § 24-4.5-2-415

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Current through P.L. 171-2024
Section 24-4.5-2-415 - Authorization to confess judgment prohibited

Authorization to Confess Judgment Prohibited - A buyer or lessee may not authorize any person to confess judgment on a claim arising out of a consumer credit sale or consumer lease. An authorization in violation of this section is void.

IC 24-4.5-2-415

Formerly: Acts1971 , P.L. 366, SEC.3.